Business - News Articles

SoftBank CEO laments $160B loss from Nvidia stake sale, launches $100B AI fund

Aug 08, 2025

Fortune

SoftBank CEO Masayoshi Son tearfully laments selling his $3.6 billion Nvidia stake in 2019 for $160 billion loss, launches $100 billion AI fund named Izanagi.

Funding Business

AI Powers Multilingual Conversations, Amazon Expands Wearables, Meta Acquires Voice AI

Aug 07, 2025

AI Minds Newsletter

In a groundbreaking move, AI facilitates multilingual dialogues as Lex Fridman and Mark Zuckerberg converse in Hindi, Amazon expands into wearable AI by acquiring 'Bee,' and Meta acquires voice AI firm PlayAI, revolutionizing communication and interaction.

Audio & Voice AR/VR & Wearables Business

Microsoft's AI Chief Recruits DeepMind Talent for Cutting-Edge AI Projects

Aug 07, 2025

Fortune

Microsoft's AI chief lures top talent from Google DeepMind, including scientists behind AI podcasting tools and vision experts, bolstering the company's cutting-edge AI projects and capabilities.

Business Audio & Voice Agents

OpenAI Valuation Soars to $500 Billion Amid GPT-5 Anticipation and Surging Revenue

Aug 07, 2025

SiliconANGLE

OpenAI's valuation skyrockets to $500 billion as anticipation builds for the imminent GPT-5 launch and revenue soars from $10 billion to a projected $20 billion by year's end.

Funding Foundation Models Business

Zuckerberg Woos AI Experts with Lucrative Offers Amid Talent War

Aug 05, 2025

Axios

Mark Zuckerberg aggressively pursues elite AI researchers with lucrative compensation packages amid a heated talent war, as the tech industry grapples with the transformative potential and uncertainties surrounding artificial intelligence.

Labor & Jobs Business Foundation Models

McKinsey Slashes Workforce, Deploys AI Agents; Anthropic Unveils 'Persona Vectors'; Carta Automates Finance Tasks with AI

Aug 05, 2025

The AI Report

McKinsey slashes workforce by 5,000 and deploys 12,000 AI agents for tasks like PowerPoint decks and note-taking; Anthropic unveils 'persona vectors' controlling AI traits like 'evil' and 'sycophancy'; Carta automates finance tasks with AI, saving 3,500 hours monthly.

Labor & Jobs Agents Business AI Safety

Delta Denies AI-Driven Personalized Ticket Pricing for Passengers

Aug 05, 2025

NBC News

Delta Air Lines affirms it does not use AI to set personalized ticket prices for passengers based on their personal data, denying allegations of individualized fare targeting and clarifying that its pricing considers only factors like demand, fuel costs, and competition.

Regulation Finance Business

ChatGPT Soars to 700 Million Weekly Users, OpenAI Rakes in $8.3 Billion Funding

Aug 05, 2025

CNBC

ChatGPT skyrockets to 700 million weekly users as OpenAI secures $8.3 billion in funding from top investors, amassing 5 million paying business clients.

Funding Consumer Products Business

Legal AI Startup Harvey Hits $100M Annual Revenue in Just Three Years

Aug 04, 2025

CNBC

Legal AI startup Harvey rockets to $100 million in annual revenue within three years of launching, quadrupling its weekly users while serving over 500 major clients including Comcast with AI-powered legal research and drafting services.

Legal Funding Business

Apple Hits 3 Billion iPhone Milestone, Teases Ultra-Thin iPhone 17 Air

Aug 04, 2025

Engadget

Apple celebrates 3 billion iPhones shipped since 2007, announces ultra-thin iPhone 17 Air with 6.6-inch screen and single camera lens for $900 amid double-digit iPhone growth.

Consumer Products Business